Food stamp rolls drop as states get tougher with some recipients
Much of the drop comes from an improving economy, but efforts to reduce enrollments among able-bodied adults who are capable of working are also accelerating the decline.
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Aetna to quit most Obamacare markets, joining major rivals
The decision by Aetna is the latest blow to President Obama’s signature domestic policy law. While it has brought coverage to millions, the new markets have proven volatile for some of the largest for-profit insurers.
Anthem suffers setback in bid for Cigna decision by year-end
Anthem Inc. will go to trial against the U.S. in late November to defend its $48 billion takeover of rival insurer Cigna Corp., a start date later than Anthem said it needed to potentially close the deal by an April deadline.
Anthem, Cigna shares rise after U.S. says it’s open to settlement
Investors appeared emboldened by remarks from a Justice Department lawyer Friday that the government was willing to hear settlement offers in its antitrust case involving the merger of the two insurers.
S&P 500, Dow, Nasdaq hit records together for first time since 1999
All three U.S. stock benchmarks rose together to record highs for the first time in 16 years on Thursday amid surprising earnings.
Lilly stock slips as breast cancer drug fails to meet trial expectations
Eli Lilly and Co. shares dipped Wednesday after a promising breast cancer treatment failed to meet interim efficacy criteria in a late-stage trial, possibly delaying its entry to market.
Interactive Intelligence in merger talks with Genesys, sources say
California-based Genesys Telecommunications Laboratories Inc. is in early talks to acquire Indianapolis-based competitor Interactive Intelligence Group Inc., people with knowledge of the matter said.
Logan’s Roadhouse files for bankruptcy, plans closures
The operator and franchiser of more than 250 roadhouse-themed restaurants, including four in the Indianapolis area, said it plans to close 18 under-performing restaurants as part of the reorganization plan.
Business groups see ‘home run’ with Trump’s lower corporate tax
Small-business and manufacturers’ groups praised a proposal by Republican presidential candidate Donald Trump to take the U.S. federal corporate tax from the highest to one of the lowest among developed nations.
South African company to acquire Mattress Firm for $2.4 billion
Mattress Firm, the largest mattress seller in the United States, has at least 23 stores in the Indianapolis area.
Average U.S. farmland prices suffer first drop since 2009
The trend hasn’t yet hit Indiana, according to the latest numbers from the U.S. Department of Agriculture, but numbers from a Purdue University survey released earlier this month say otherwise.
Aetna judge hands off Anthem merger case to speed trials
The Anthem-Cigna case was assigned to Judge Amy Berman Jackson, who was appointed to the bench by President Barack Obama. She set a scheduling conference for Aug. 12
Cigna talks about Plan B as U.S. challenge to Anthem bid looms
Cigna Corp. CEO David Cordani faces a tough task: persuading investors and lawyers that the health insurer is committed to a $48 billion takeover by Indianapolis-based Anthem Inc., while also talking up its prospects as an independent company.
Big drug firms eye potential $7.2B animal vaccine market
Companies like Eli Lilly and Co. unit Elanco are focused on developing vaccines as alternatives to antibiotics.
Anthem says Cigna deal at risk without merger ruling by year-end
Anthem’s lawyer, Christopher Curran, told U.S. District Judge John Bates in Washington, D.C., on Thursday that Cigna’s top management is "no longer interested in being pursued."
JPMorgan settlement with Indiana draws interest of other states
JPMorgan Chase & Co. has reached a settlement with Indiana regulators related to its asset management business, and now other states are expressing interest in how Indiana built its case.
Aetna’s Obamacare reversal latest blow to U.S. health law
Health care insurance giant Aetna Inc., facing more than $300 million in losses from Affordable Care Act health plans this year, may exit Obamacare markets.
CNO says assets hard to value at Platinum-linked insurer trusts
CNO Financial shares dropped 2.8 percent Monday morning after declining 5.5 percent last week. The Carmel-based insurer said last week that it was scrutinizing a risk-transfer arrangement with Beechwood Re, the reinsurer linked to embattled hedge fund Platinum Partners.
U.S. homeownership tumbles to its lowest rate since 1965
U.S. homeownership has fallen to its lowest mark in more than 50 years as rising prices put buying out of reach for many renters.
‘Smooth transition’ predicted as Lilly turns to experienced exec
Over the last eight years, Eli Lilly relied on a three-decade company veteran to steer it through declining sales and a struggling product pipeline. Now, it’ll rely on another long-time executive for its next chapter.